The Policy Theory in Islamic Economics

Codifying Islamic state economic policies can be considered as the output of Islamic economics, policies that should lead to changes in structures and behaviors. Using an analytical approach, this paper studies the identity of policy theories in Islam economic. This paper examines the conceptual components, status, principles of legitimacy, and the mechanism for codifying policies in Islamic economics. According to the research findings, policy in Islamic economics is a cross-sectional response of the Islamic state to the current economic situation based on Islamic economic norms. In the Islamic approach, cultural policies dominate economic policy. The legitimacy of codifying the economic policy derives from the legitimacy of government, and the religious rules such as, mutual enjoining, enjoining good and forbidding wrong, advising the advice seekers, noticing the ignorant, guiding the ignorant, and the council. The economic policy is a type of variable decree that can be achieved in four primary, secondary, injunctive, or declaratory formats. Economic policy is fully synonymous with secondary religious topics and protects the current standards in the secondary topics.